Impact focus areas are:

Regional urban and rural development

Sustainable agriculture and food processing

Innovation and technology enhanced initiatives on public and social services, education, healthcare, other

Vulnerable groups’ empowerment

The programme is suitable for every entity with a sustainable business model, that uses an innovative approach in addressing local needs and has proven solutions for achieving sustainable impact. All countries are eligible for the programme.

ImpactAim has 2 programs running in parallel and targeted to different stages of startups.

Impactaim Incubator Program which is an open call, and is suitable for idea/early stage tartups, and ImpactAim Accelerator program which is tailored for mature ventures with sustainable business models and impact.

The ImpactAim acceleration program combines study sessions based on cutting-edge methodologies and hands-on experience in knowledge areas that are crucial for startup/business development, as well as tailored mentorship and individual coaching from instructors and experts. The goal was to strengthen ventures’ market base, scale up impact, and increase their investment absorption capacity.
ImpactAim hosts guest speakers from Armenian and foreign startups with notable traction and a social impact, as well as in-house trainers and experts. The acceleration program engages key resources, experienced entrepreneurs, mentors, advisers, industry thought leaders and other stakeholders concerned with the acceleration of ventures.
By the end of the program, teams develop and implement their operational models, which will increase their product capabilities in the market.
Ventures will also be introduced to a network of Impact VCs and angels with access to funding opportunities through targeted roadshows and pitching events.

Our Selection Criteria

TEAM

The team demonstrates the appropriate skills, motivation, commitment and ambition to grow the venture and using the program support scale their solution to other countries.

MARKET AND SCALABILITY

Replicable, scalable business model targeting sustainable operations.
There is clear evidence of market demand for the product or service, demonstrated by sales and market share in the country of operation, as well as by interest from partners or customers in other countries.

INNOVATIVE APPROACH

Demonstrates an innovative approach in addressing a neglected / ineffectively addressed social and/or environmental problem. The approach could include either an innovative solution and/or an innovative business model.
Collaborations with government, private sector, academia, NGOs, and civil society are in place.

PROBLEM DEFINITION AND IMPACT

The solution is addressing a clearly defined social and/or environmental problem.
The venture has the potential to make an impact on the community, industry sector and/or geographic location it operates in, and the targeted/achieved impact is measurable.